320
320
Dec 31, 2012
12/12
by
CNNW
tv
eye 320
favorite 0
quote 0
unless congress gets its act together soon, america faces a fall off the fiscal cliff. cnn has just learned democrats are now willing to compromise on the tax threshold. they're now willing to raise taxes on incomes over $450,000 instead of $250,000. while the two sides have called in their so-called closers to work behind the scenes -- vice president biden and senate minority leader mitch mcconnell -- they're not offering much hope for an 11th hour fix. let's bring in chris, our reporter from the national journal, working the story on capitol hill all night and into the morning. what's new in the developments here that makes us think we're any closer to stopping the fiscal cliff? >> when you guys came in, i thought your bumper music might be "final countdown" as we get near the cliff. what's new from what i have learned since talking to some senate aides before coming on with you guys is that there's no deal yet, but republicans are going to huddle here later this morning, and that indicates to me with some of the news coming out of here that democrats moved to 4:30 th
unless congress gets its act together soon, america faces a fall off the fiscal cliff. cnn has just learned democrats are now willing to compromise on the tax threshold. they're now willing to raise taxes on incomes over $450,000 instead of $250,000. while the two sides have called in their so-called closers to work behind the scenes -- vice president biden and senate minority leader mitch mcconnell -- they're not offering much hope for an 11th hour fix. let's bring in chris, our reporter from...
151
151
Dec 31, 2012
12/12
by
CNNW
tv
eye 151
favorite 0
quote 0
nyquil® cold and flu doesn't. >>> if we go over the fiscal cliff tomorrow night, congress could still pass a bill in a couple weeks. there's no guarantee they'll be able to come to an agreement quickly. ryan lizza is a correspondent for the new yorker. it's good to see you during the night. good to see you. >> thanks for having me. >> this uncertainty that americans are living with right now, do you think a deal can be reached by tomorrow? >> you know, i don't know. it's -- right now, as cnn's been reporting, it's up to mitch mcconnell and joe biden. those apparently are the two men where the entire negotiations have moved to. senator harry reid, who runs the senate, left tonight and told reporters on the way out, if you want to know if there's a deal, talk to biden and mcconnell. they have a history of reaching agreements, in the white house, biden is known as the mcconnell whisperer, and he got that reputation a couple years ago, when he was able to forge a budget agreement in 2010. maybe -- maybe there will be a breakthrough, but there are a lot of liberals and a lot of conservativ
nyquil® cold and flu doesn't. >>> if we go over the fiscal cliff tomorrow night, congress could still pass a bill in a couple weeks. there's no guarantee they'll be able to come to an agreement quickly. ryan lizza is a correspondent for the new yorker. it's good to see you during the night. good to see you. >> thanks for having me. >> this uncertainty that americans are living with right now, do you think a deal can be reached by tomorrow? >> you know, i don't know....
286
286
Dec 31, 2012
12/12
by
CNNW
tv
eye 286
favorite 0
quote 0
the world's watching to see if congress reaches a deal to avoid the fiscal cliff. and within the last hour, the president said a deal is, quote, within sight and that he himself is willing to make hard choices to avoid $600 billion in automatic spending cuts and tax hikes. >> i'm willing to reduce our government's medicare bills by finding new ways to reduce the costs of healtcare in this country. that's something we all should agree on. we want to make sure that medicare is there for future generations. but the current trajectory of health care costs is going up so high, we have got to find ways to make sure that it is sustainable. but, that kind of reform has to go hand and hand with doing some more work to reform our tax coat so that wealthy individuals, the biggest corporations, can't take advantage of loopholes and deductions that aren't available to most of the folks standing up here. aren't available to most americans. so there is still more work to be done in the tax code to make it fair, even as we're also looking at how we can strengthen something like me
the world's watching to see if congress reaches a deal to avoid the fiscal cliff. and within the last hour, the president said a deal is, quote, within sight and that he himself is willing to make hard choices to avoid $600 billion in automatic spending cuts and tax hikes. >> i'm willing to reduce our government's medicare bills by finding new ways to reduce the costs of healtcare in this country. that's something we all should agree on. we want to make sure that medicare is there for...
221
221
Dec 31, 2012
12/12
by
CNNW
tv
eye 221
favorite 0
quote 0
to let the country go over the fiscal cliff. would your party have more leverage if we went over the cliff? >> i think both leader pelosi and i said going over the cliff ought not to be an option. it will be an indication of failure of the congress to work as it should. this has been the least effective, most confrontational congress in which i have served. i came here in 1981. so i think going over the cliff is not our preferred choice at all. we think we need to get to a compromise, which as i said, will procollude taxes from going up on middle income americans, provide for the unemployment insurance. i they we also provide for the reimbursement of doctors giving services to medicare patients. butt fact of the matter is it's been very difficult to reach compromise. i think the president of the united states and is now through vice president biden trying to reach a compromise. a compromise by its very definition means that neither side gets exactly what it wants. the difficulty from the house of representatives last week the re
to let the country go over the fiscal cliff. would your party have more leverage if we went over the cliff? >> i think both leader pelosi and i said going over the cliff ought not to be an option. it will be an indication of failure of the congress to work as it should. this has been the least effective, most confrontational congress in which i have served. i came here in 1981. so i think going over the cliff is not our preferred choice at all. we think we need to get to a compromise,...
298
298
Dec 31, 2012
12/12
by
CNNW
tv
eye 298
favorite 0
quote 0
the expectation, even if we go over the fiscal cliff. right now, congress is still looking at trying to resolve this here in the next few days. so it's not as if we go over the cliff and stay there. there would be time to resolve the issue. that being said, we saw a whirlwind of negotiating on capitol hill. and right now, after things sort of didn't work out between mitch mcconnle and harry reid, the top republican and top democrat in the senate, they have shifted between mitch mcconnell and vice president joe biden. that's where all of the action is right now. keeping the speaker of the house john boehner abreast of what's going on. keeping harry reid abreast of what's going on and keeping president obama abreast of what's going on. we heard from senator reid yesterday that they are very far apart. not just talking on the threshold, initially president obama said $250 mi,000. there is talk to bumping that to $400,000. republicans want to know how we pay for it. there are farm subsidies, the doc fix. and spending cuts. so there is a lot
the expectation, even if we go over the fiscal cliff. right now, congress is still looking at trying to resolve this here in the next few days. so it's not as if we go over the cliff and stay there. there would be time to resolve the issue. that being said, we saw a whirlwind of negotiating on capitol hill. and right now, after things sort of didn't work out between mitch mcconnle and harry reid, the top republican and top democrat in the senate, they have shifted between mitch mcconnell and...
178
178
Dec 31, 2012
12/12
by
CNNW
tv
eye 178
favorite 0
quote 0
cliff, not the only deadline pressing on congress today. a five-year farm subsidies bill that expired in september was never renewed. senate members did develop an extension designed to prevent some food prices from going through the roof in january. the secretary of agriculture tells cnn lack of a farm bill could hit you right in the refrigerator. >> well, if you like anything made with milk, you're going to be impacted by the fact that there's no farm bill. because if there's not an extension of existing bill or a new bill basically on january 1st or shortly thereafter, permanent agriculture law goes back into place, 1949 law, which basically means the government, the federal government, will go back in the business of strongly supporting the dairy industry by raising the price support or support for dairy products to $38 a hundred weight which is almost double the price of milk today. >> if the house decides to take up the bill today, the full congress could vote on it tonight. >>> president barack obama said he was optimistic that a dea
cliff, not the only deadline pressing on congress today. a five-year farm subsidies bill that expired in september was never renewed. senate members did develop an extension designed to prevent some food prices from going through the roof in january. the secretary of agriculture tells cnn lack of a farm bill could hit you right in the refrigerator. >> well, if you like anything made with milk, you're going to be impacted by the fact that there's no farm bill. because if there's not an...
389
389
Dec 31, 2012
12/12
by
CNNW
tv
eye 389
favorite 0
quote 0
but if congress does not work out a fiscal cliff deal, those workers will not notice much of a difference in paychecks because of higher taxes. >>> and milk might be good for your bones soon mighting bad for your bank account. congress has until tomorrow to vote on a mutual agreement to extend the farm bill by one year, or you could see milk prices double. it's not even certain the vote is going to happen yet, but people already calling the situation the dairy cliff. the secretary of agriculture tom vilsack issuing a dire warning about all dairy product prices, and he explains why this is happening. >> well, if you like anything made with milk, you're going to be impacted by the fact that there's no farm bill. because if there is not an extension of the existing bill or a new bill, basically on january 1st or shortly thereafter, permanent agricultural law goes back into place, 1949 law, which basically means the federal government will go back in the business of strongly supporting the dairy industry by raising the price support, if you will, or support for dairy products to $38 a hundred
but if congress does not work out a fiscal cliff deal, those workers will not notice much of a difference in paychecks because of higher taxes. >>> and milk might be good for your bones soon mighting bad for your bank account. congress has until tomorrow to vote on a mutual agreement to extend the farm bill by one year, or you could see milk prices double. it's not even certain the vote is going to happen yet, but people already calling the situation the dairy cliff. the secretary of...
320
320
Dec 31, 2012
12/12
by
CNNW
tv
eye 320
favorite 0
quote 0
fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator mitch mcconnell, the republican leader on the hill, is still t
fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that...
246
246
Dec 31, 2012
12/12
by
CNNW
tv
eye 246
favorite 0
quote 0
on the fiscal cliff. president obama is now scheduled to make a statement about the negotiations. that's going to take place about 1:30 or so, in less than 30 minutes. we'll bring it to you live at the white house as soon as it happens. we want to talk about what is going on behind the scenes. you have negotiations led by the vice president and senate minority leader mitch mcconnell. sources are telling us they are making some progress, but here's the catch. if a deal is reached, there is no guarantee it's going to pass. here's what democratic senator tom harkin said on the senate floor earlier this morning. >> if we're going to have some kind of a deal, the deal must be one that really does favor the middle class. the real middle class. those that are making 30,000, 50,000, 60,000, 70,000 a year. that's the real middle class in america. and as i see this thing developing, quite frankly, as i've said before, no deal is better than a bad deal, and this looks like a very bad deal the way it's he shaping up.
on the fiscal cliff. president obama is now scheduled to make a statement about the negotiations. that's going to take place about 1:30 or so, in less than 30 minutes. we'll bring it to you live at the white house as soon as it happens. we want to talk about what is going on behind the scenes. you have negotiations led by the vice president and senate minority leader mitch mcconnell. sources are telling us they are making some progress, but here's the catch. if a deal is reached, there is no...
132
132
Dec 31, 2012
12/12
by
CNNW
tv
eye 132
favorite 0
quote 0
we'll also continue to follow the negotiations going on now on capitol hill, the fiscal cliff, what it means to your and your wallet. you could wake up tomorrow with a much different income and a much different paycheck because congress may not have gotten its act together overnight. we'll continue to follow that for you if there's any other breaking news, we'll come back and break into taped programming, otherwise i will see you at 10:00 p.m. eastern with the latest information. i'm don lemon. comfortable sleer experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. comfort individualized. save 50% on the final closeout of our silver limited edition bed plus special financing through new years day.
we'll also continue to follow the negotiations going on now on capitol hill, the fiscal cliff, what it means to your and your wallet. you could wake up tomorrow with a much different income and a much different paycheck because congress may not have gotten its act together overnight. we'll continue to follow that for you if there's any other breaking news, we'll come back and break into taped programming, otherwise i will see you at 10:00 p.m. eastern with the latest information. i'm don lemon....